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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Buying foreclosed homes from new owner Posted by JK (the other JK) on October 09, 2006 at 11:57 PM In Reply to: Buying foreclosed homes from new owner posted by Benny on October 09, 2006 at 5:40 PM : Any suggestions on where you can buy the properties after they have been bought via the sale, pre-sale, post-sale, etc.? For example, Joe buys a house 40% below market in one of the above scenarios and I can then buy the property from Joe at 30% below market with terms. Just a way to get in when you don't have 100% cash which is needed in CA at the sale. Thanks! If Joe buys at 40% below market value, why would he sell to you for 30% below market value when he can get 100% of market value. If the average price of a home in SoCal is $600K we are talking about giving away $180K. What idiot do you think will do that? FYI looking at some of the deals that were sold last week at an LA County Trustee Sale site it looks like most stuff was still going for 80% LTV. That being said, there is opportunity buying directly from the owner Pre-Trustee Sale. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Any suggestions on where you can buy the properties after they have been bought via the sale, pre-sale, post-sale, etc.? For example, Joe buys a house 40% below market in one of the above scenarios and I can then buy the property from Joe at 30% below market with terms. Just a way to get in when you don't have 100% cash which is needed in CA at the sale. Thanks! : If Joe buys at 40% below market value, why would he sell to you for 30% below market value when he can get 100% of market value. If the average price of a home in SoCal is $600K we are talking about giving away $180K. What idiot do you think will do that? FYI looking at some of the deals that were sold last week at an LA County Trustee Sale site it looks like most stuff was still going for 80% LTV. That being said, there is opportunity buying directly from the owner Pre-Trustee Sale. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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